STATED AND ILLUSTRATED, WITH AN APPLICATION OF IT TO THE ALTERATIONS IN THE VALUE OF THE ENGLISH CURRENCY SINCE 1790. —♦— By the Rev. T. R. MALTHUS, M.A. F.R.S. PROFESSOR OF HISTORY AND POLITICAL ECONOMY IN THE EAST INDIA COLLEGE, HERTFORDSHIRE. LONDON: JOHN MURRAY, ALBEMARLE STREET. MDCCCXXIII. London: Printed by C. Roworth, Bell-yard, Temple-bar....

It is generally allowed that the word value, in common language, has two different meanings; one, value in use, the other, value in exchange; the first expressing merely the usefulness of an object in supplying the most important wants of mankind, without reference to its power of commanding other objects in exchange; and the second expressing the power of commanding other objects in exchange, without reference to its usefulness in supplying the most important wants of mankind. It is obviously v